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Xtract Resources: Please Colin, get help for this addiction – STOP ISSUING SHARES!

By Cynical Bear | Wednesday 9 August 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Xtract Resources (XTR) can’t help itself. In a carbon copy of the manoeuvre back in February earlier this year, it has announced a placing at a shockingly low price just as some positive sentiment was returning around the potential alluvials revenue. Let’s take a closer look.


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